SingPost’s bid to raise market value might not yield immediate results
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SINGAPORE Post (SingPost) appears intent on making efforts to revive its fortunes and lift the stock’s declining market value amid the postal services sector’s structural decline.
Last week, the national postal service provider announced the completion of a strategic review aimed at enhancing shareholder value and to ensure that the group is properly valued.
It also laid out plans to pivot to becoming a pure-play logistics provider, including divesting non-core assets and businesses such as the retail-commercial mixed development SingPost Centre.
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